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On October 10, the stockholders equity of Sherman Systems appears as follows. Common stock-$1e par value, 77,ee8 shares authorized, issued, and outstanding Paid-in capital in
On October 10, the stockholders equity of Sherman Systems appears as follows. Common stock-$1e par value, 77,ee8 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings s 778,eee 241,88e 984 88e 1,915,8ee Total stockolders' equity 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5.500 shares of its own common stock at $30 per share on October 11. b. Sold 1,125 treasury shares on November 1 for $36 cash per share. c. Sold all remaining treasury shares on November 25 for $25 cash per share. View transaction list Journal entry worksheet Record the purchase of 5,500 shares of its own common stock for $30 cash per share. Note: Enter debits before credits ransaction General Journal Debit Credit a
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